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Russia plans to limit diesel exports

Saturday, 27 September 2025 02:39 WIB | Economy

Russia’s export rules spark diesel market jitters"Boosting prices were initial reports that Russia intends to ban some companies from exporting diesel. Following repeated attacks on Russian refineries, concerns have grown that domestic supply might become strained. Reports indicate that processing...

U.S. and China Strike Framework Deal on TikTok Ownership

Tuesday, 16 September 2025 14:00 WIB | Global economic

The U.S. and China on Monday reached a commercial agreement that would place short-video app TikTok under U.S. ownership, with final approval expected during a Friday call between President Trump and Chinese President Xi Jinping. Treasury Secretary Scott Bessent, after a meeting with Chinese...

Bessent met with BlackRock’s Rieder as search for next Fed chair continues

Saturday, 13 September 2025 12:17 WIB | Economy

U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has now spoken with four of the 11 candidates on the...

White House tariff update on gold bars a ’welcome development

Thursday, 11 September 2025 10:20 WIB | Economy

The White House update to its tariff schedule is a "welcome development" after challenges caused by a recent U.S. Customs ruling on gold bars, the London Bullion Market Association said on Wednesday. The executive order, issued on September 5 by President Donald Trump, updates the tariff schedule...

Fed officials, worried about jobs, muse on rate-cut prospects

Thursday, 4 September 2025 10:29 WIB | Fiscal & monetary

Several Federal Reserve officials who spoke on Wednesday said labor market worries continue to animate their belief that rate cuts still lie ahead for the central bank. “I’ve been clear that I think we should be cutting at the next meeting,” Federal Reserve Governor Christopher Waller said in an...

Fed Governor Cook says mortgage ’contradictions’ do not justify removal by Trump

Wednesday, 3 September 2025 12:46 WIB | Fiscal & monetary

Federal Reserve Governor Lisa Cook on Tuesday laid out in greater detail her opposition to President Donald Trump’s bid to remove her from office, saying it was too late to fire her for mortgage information she disclosed during her confirmation process. In a filing in U.S. District Court, Cook...

White House launches TikTok account with Trump saying ’I am your voice

Friday, 22 August 2025 11:54 WIB | Economy

The White House launched an official TikTok account on Tuesday, taking advantage of the short video app’s more than 170 million U.S. users to spread the messages of President Donald Trump. Trump has a soft spot for the popular app, crediting it with helping him gain support among young voters...

OPEC lifts 2026 oil demand view and trims supply growth from rivals

Wednesday, 13 August 2025 02:00 WIB | Global

OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the...

Russian official says Trump, Putin may meet next week; not aware of any Zelenskiy meeting

Friday, 8 August 2025 12:17 WIB | Economy

Russia’s deputy U.N. Ambassador Dmitry Polyanskiy said on Thursday that Russian President Vladimir Putin may meet with U.S. President Donald Trump next week, but said he was not aware of any planned meeting between Putin and Ukrainian counterpart Volodymyr Zelenskiy. "As far as I heard, there are...

Economy is expected to lose further momentum

Friday, 8 August 2025 06:53 WIB | Economy

Raphael Bostic of the Federal Reserve Bank of Atlanta warned that rising price pressures over the next six to twelve months could intensify the Fed’s challenges. A ton of economic scenarios that could play out, hard to assign probabilities.Outlook is for the economy to continue slowing, but also...

Trump says US will charge tariff of about 100% on semiconductor imports

Thursday, 7 August 2025 11:59 WIB | Economy

The United States will impose a tariff of about 100% on semiconductor chips imported into the country, President Donald Trump said on Wednesday. Trump told reporters in the Oval Office that the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would...

Trump open to meeting Putin over Ukraine as soon as next week, official says

Thursday, 7 August 2025 11:44 WIB | Economy

President Donald Trump is open to meeting Vladimir Putin as soon as next week, a White House official said on Wednesday, as the U.S. maintained plans to impose secondary sanctions on Friday in an effort to pressure Moscow to end the war in Ukraine. The New York Times (NYSE:NYT) reported that...

Trump eyes ’world tariff’ of 15-20% for most countries

Tuesday, 29 July 2025 08:19 WIB | Economy

President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April. Trump told reporters his administration will notify some 200...

Trump sets new deadline of 10 or 12 days for Russia to act on Ukraine

Tuesday, 29 July 2025 05:57 WIB | Economy

U.S. President Donald Trump set a new deadline on Monday of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face consequences, underscoring frustration with Russian President Vladimir Putin for the 3-1/2-year-old conflict. Trump has threatened both sanctions on...

Trump’s 200% tariff threat leaves pharma firms scrambling with scenario planning

Friday, 11 July 2025 23:15 WIB | Economy

The pharmaceutical industry is scrambling with scenario planning as U.S. President Donald Trump’s 200% tariff proposal threatens to drive up drug prices and rip out corporate profit margins. The president once again warned on Tuesday that long-awaited industry-wide tariffs would be announced...

Araqchi signals Iran may block UN visits to bombed nuclear sites

Saturday, 28 June 2025 08:43 WIB | Economy

Iran’s foreign minister Abbas Araqchi indicated on Friday that Tehran may reject any request by the head of UN nuclear watchdog the IAEA for visits to Iranian nuclear sites. "(IAEA head Rafael Grossi’s) insistence on visiting the bombed sites under the pretext of safeguards is meaningless and...

Netanyahu sees peace talks expanding after war with Iran

Friday, 27 June 2025 08:32 WIB | Economy

Prime Minister Benjamin Netanyahu said on Thursday the outcome of Israel’s war with Iran presented opportunities for peace that his country should not waste. In a statement, Netanyahu said: "This victory presents an opportunity for a dramatic widening of peace agreements. We are working on this...

U.S. strikes failed to destroy ‘core pieces’ of Tehran’s nuclear program, intel report says

Wednesday, 25 June 2025 13:26 WIB | Economy

U.S. missile strikes did not completely destroy Iran’s key nuclear sites, an initial American assessment from the Defense Intelligence Agency found, according to three people familiar with the report who spoke to NBC News. “We were assuming that the damage was going to be much more significant...

Powell repeats rate cuts can wait as Fed studies tariff impacts

Wednesday, 25 June 2025 06:24 WIB | Economy

Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday. Pressed by Republican members of the House Financial Services committee about why the Fed isn’t...

Trump announces Israel-Iran ceasefire

Tuesday, 24 June 2025 12:56 WIB | Politics

U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY WAR." According to Trump’s post, the ceasefire will begin approximately six hours after his announcement, when...

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